Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (1509)	1/28/2002 2:38:25 PM
From: Dave Gore	Respond to of 16631

RSAS UPDATE: Just reviewed their guidance. It's good and potentially an upgrade - 25 to 33 cents/share eps versus consensus of 27 cents. The range takes into account a full year weak economy vs. a strongly improving one. Stock was $18+ before earnings so the drop is clearly mostly due to the SEC thing, which is apparently is about the least serious matter possible (i.e. it does not involve any material effects and is related mostly to the lack of a PR, even though the filing announced the small accounting change). I think the 35% drop is overdone and the technicals are showing increased momentum, money flow, and OBV as we speak. After you click, you need to adjust the timeframe to 1 day and 5-15 minutes: bigcharts.marketwatch.com